Friday, October 19, 2018

So now with a newly created $1.5 Trillion hole in the budget created by the trump tax plan, look for massive cuts to Social Security, Medicare, Education, Environment Protection.

The Republican Party has just announce their intentions of cutting so called "entitlements" the services and benefits Americans are entitled to receive because they have paid for them! They have called for cuts to Social Security, Medicare, and Medicaid and you won't believe why they claim this is necessary. Here is Mitch McConnell:

"It’s disappointing, but it’s not a Republican problem," McConnell said of the deficit, which grew 17 percent to $779 billion in fiscal year 2018. McConnell explained to Bloomberg that "it’s a bipartisan problem: Unwillingness to address the real drivers of the debt by doing anything to adjust those programs to the demographics of America in the future." The deficit has increased 77 percent since McConnell became majority leader in 2015.

Yep. The tax cuts for the rich have created a $1 trillion deficit. This was expected. All economists predicted the cuts would benefit the top 1% and major stock holders. They predicted a huge deficit. And I predicted cuts to Social Security just like what happened here in Texas.

Creating a hole in the budget was all part of the republican plan because it would eventually justify massive cuts to education and services. Texas, by law, requires a balanced budget so what better way to cut education than to create a massive debt then blame the "out of control spending" by the public education community? And that is exactly what happened. Someone had to pay for the tax cuts for the business community so Education was hit by over $5 Billion in just the first year.